The Fluoroscopy Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Fluoroscopy Equipment Global Market Report 2024, The fluoroscopy equipment market size has grown strongly in recent years. It will grow from $6.27 billion in 2023 to $6.67 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to rise in minimally invasive procedures, growing geriatric population, expanding applications in medical diagnosis, diagnostic advancements, increased incidence of chronic diseases.
The fluoroscopy equipment market size is expected to see steady growth in the next few years. It will grow to $8.08 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to rapid growth of ambulatory surgical centers, expansion of cardiovascular interventions, focus on radiation dose reduction, increasing popularity of hybrid operating rooms, integration with other imaging modalities. Major trends in the forecast period include technological innovations in imaging, advancements in imaging technology, remote guidance and collaboration, enhanced data integration and analytics, focus on ergonomics and user experience.
The increasing prevalence of chronic diseases is expected to propel the growth of the fluoroscopy equipment market going forward. Chronic diseases are problems that last a year or longer, necessitating continuing medical care, restricting everyday activities, or both. Fluoroscopy equipment provides a functional and anatomic assessment of patients in real time while minimizing radiation exposure to patients when accompanied by contrast administration. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based national library of medicine, it was projected that by the year 2050, the number of individuals aged 50 years and older who have at least one chronic illness will increase to 142.66 million by 99.5%, from 71.522 million in 2020. Therefore, the increasing prevalence of chronic diseases is driving the growth of the fluoroscopy equipment market.
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The fluoroscopy equipment market covered in this report is segmented –
1) By Product: Fixed Fluoroscopy Equipment, Mobile C-Arms, Fixed C-Arms
2) By Application: Diagnostic, Surgical, Other Applications
3) By End-User: Hospitals, Diagnostic Centers, Other End-Users
Product innovation is a key trend gaining popularity in the fluoroscopy equipment market. Major companies operating in the fluoroscopy equipment market are developing innovative products to sustain their position in the market. For instance, in July 2022, Fujifilm Healthcare Americas Corporation, a US-based manufacturer of diagnostic and business imaging solutions, launched the FDR Cross, the world’s first two-in-one fluoroscopy and digital radiography system. It is the cutting-edge portable X-ray and hybrid C-arm solution for medical facilities and ambulatory surgery centers (ASC). The dual-function C-arm is the first to provide mobile radiography and fluoroscopic imaging on a single platform, eliminating the need to bring additional imaging equipment for necessary image-guided procedures.
The fluoroscopy equipment market report table of contents includes:
1. Executive Summary
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